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Firm behind computer system at heart of Post Office scandal says it has ‘moral obligation’ to contribute to compensation for victims
The boss of Fujitsu has apologised for the Horizon scandal and said the company has a “moral obligation” to contribute to the compensation scheme for victims. Paul Patterson, director of Europe’s Fujitsu Services Limited, told a committee of MPs that he was sorry on behalf of the company, which developed the faulty IT software that …
Business
Sky News
Post Office boss admits money from Horizon victims may have gone into executive pay
Money wrongfully taken from victims of the Horizon scandal may have gone into the pay of Post Office executives, MPs have been told.Nick Read, chief executive of the Post Office, said the company has still “not got to the bottom of” what happened to the cash paid by sub-postmasters and sub-postmistresses in a bid to …
Business
Euro News
CEOs fear their companies won’t survive 10 years as challenge from AI grows, new survey finds
Business
Euro News
UK and Denmark launch Viking Link underwater cable project
Business
Sky News
As the rich come to Davos, there are fretful noises about what’s happening in Red Sea shipping lanes
This year’s World Economic Forum wasn’t supposed to be about the events in the Red Sea.When the conveners came to put it together – the 2024 edition of the annual shindig at Davos where plutocrats mingle with politicians and celebrities in the Swiss mountain village – they had plenty of other big issues on the …
Business
Sky News
Two more major supermarket chains cut price of baby formula
Asda and Tesco have joined Sainsbury’s and Iceland in reducing the cost of Aptamil baby formula.Asda also said it will let customers pay for baby formula using their rewards scheme vouchers for the first time. It comes amid a Competition and Markets Authority (CMA) investigation into formula products over fears they are particularly vulnerable to …
Business
Euro News
Lawmakers close in on deal to tackle football’s dirty money
Business
Sky News
Fuel retailers forced to share price changes within 30 minutes under plan to help drivers save cash
Fuel retailers will be forced to quickly share price changes under government plans to ensure pump costs are fair.The Department for Energy Security and Net Zero (DESNZ) said its Pumpwatch proposals could save customers 3p per litre. Under the scheme, now out for consultation, forecourts would have to enter prices within 30 minutes of a …
Business
Euro News
Romania: Protests continue over taxes, subsidies and Ukraine competition
Business
Euro News
What conflict and tension in the Red Sea may mean for Europe
Business
Sky News
Buyout shop Oakley Steers path to £500m car repair shop deal
The founder of one of Britain’s biggest chains of car repair shops is to toast a huge windfall after striking a deal to sell a majority stake in the company at a £500m valuation.Sky News has learnt that Richard Steer, who founded Steer Automotive Group little more than five years ago, has agreed to offload …
Business
Sky News
House prices creep up as experts predict ‘smoother year’ for buyers and sellers
Average house prices have jumped by about £4,500 this month – but experts are still predicting that 2024 will be a “smoother year” for buyers.According to Rightmove, the typical asking price for a British property now stands at £359,748, which is 0.7% lower compared with a year ago. The number of new houses coming onto …

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